In stark contrast to the last installment in our series, a grim post Fannie/Freddie world is predicted by Mad Hedge Fund Trader. Click image for info on who wrote the full post, and his key excerpts with future home price and mortgage rate estimates are below. Like all market views, the author’s points are worth [...]

One interesting stat coming from today’s November jobs report is on financial services jobs: monthly job losses in this category averaged 29,000 in 2009, but have since decelerated to 8,000 per month in 2010. See chart below.

This guest post from a hedge fund exec does a good job of explaining Goldman’s regulatory/legal issues in terms we can all understand… When you win, your bookie wins. When you lose, your bookie wins. No matter the outcome of the game, your bookie skims a little “juice.” Sometimes your bookie screws you (e.g. you [...]

Anyone who’s got hardline opinions on the SEC’s case against Goldman Sachs should read The Big Picture’s “10 Things You Don’t Know (or were misinformed) About The GS Case.” As usual, Barry Ritholtz’s hardline opinions are better supported than most of the other chatter out there. Also worth reading is an essay by George Soros [...]

Michael Lewis just published his take on the SEC suit against Goldman. Normally Lewis’ unique ability is to discuss complex market topics in a way that presents both sides of the story even when it’s clear which side he’s taking. This piece feels like more of a populist take, and that was the same impression [...]

Goldman Sachs shares are currently down 12% today following an SEC lawsuit claiming Goldman committed subprime fraud. The SEC suit alleges Goldman was paid by hedge fund Paulson & Co. to create and market a subprime mortgage derivative product sold under the name Abacus, then Paulson & Co. shorted it while Goldman was marketing it [...]

My clock radio went dead, so I was faced with the usual question, “Do I pay to have it repaired, or do I buy a new one?” I went to a local repair shop, and on the door was a sign that said, “WE CAN REPAIR ANYTHING. (PLEASE KNOCK – THE BELL DOESN’T WORK!)” Needless [...]

Today is the release date for Michael Lewis’ new book The Big Short. It’s born out of a November 2008 article called The End that he wrote as a conclusion to Liar’s Poker. Here’s what we said about The End when it was released. Can’t wait to read his new book. When it comes to [...]

Here’s a deep bTunes album for those on The Street who are down. It’s Funhouse, the 1970 second album by the Iggy Pop fronted Stooges, and it’s hailed by most reputable most rock aficionados as the dawn of punk. But it’s way cooler and complex than most punk. If you don’t spring for the whole [...]

More on coming clearinghouse for credit default swaps from Bloomberg.